] is making a "strategic review" of its ETF business, laying off about thirty workers, Bloomberg Businessweek reports
In a statement, Russell said it will focus on its core role of providing multiasset solutions to investors and advisors.
A Russell spokesman told Bloomberg Businessweek
that the Seattle-based money managers planned to cut the thirty positions in its New York and San Francisco offices.
Russell's ETFs hold about $300 million in assets, and the firm manages $152 billion in total, the article states.
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